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General Description

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Rarely-Available Multiunit Property with Airbnb Potential! Situated in a highly desirable area only moments from three major universities and Texas Medical Center, this 5-unit income- producing property offers a unique opportunity for seasoned investors and savvy homebuyers. Consisting of two buildings and plenty of gated paved parking, the multiunit property conveniently includes one fully renovated unit, as well as four other spacious residences. Each unit includes a cozy living area, at least one full bathroom, ample natural light, sizeable bedroom(s), and openly flowing traditional layouts. Keeping in trend with modern needs, the residences are also Airbnb-friendly with financials available upon request. Bursting with possibilities, this property may afford a multitude of exit strategies, for either monthly cashflow or capital gains. Seize the moment to own a profitable addition to your healthy investment portfolio. Call to schedule your private and exclusive tour!

MLS#:

92144406 (HAR)

Sold Price Range:

$552,001 - $627,000

Listing Status:

Sold

Address:

2506 Wheeler St

City:

Houston

State:

Zip Code:

77004

County:

Harris County

Subdivision:

Washington Terrace (View subdivision price trend)

Legal Description:

LT 7 & TR 8A BLK 13 WASHINGTON TERRACE

Property Type:

Multi-Family - 5 Plus

Stories:

Year Built:

1940 / Appraisal District

Building Sqft.:

4,166 /Seller

Lot Size:

6,825 Sqft. /Appraisal District

Key Map©:

493Y

Market Area:

University Area

Interior Features

Floors:

Vinyl, Wood

Cooling:

Central Electric, Central Gas, Window Units

Heating:

Central Electric, Central Gas, Other Heating, Window Unit

Disposal:

Yes

Compactor:

Dishwasher:

Yes

Microwave:

Yes

Energy Feature:

Ceiling Fans, High-Efficiency HVAC, Digital Program Thermostat

Exterior Features

Roof:

Composition

Exterior Type:

Brick, Other, Unknown

Lot Description:

Other

Parking:

Driveway Gate, Paved Area

Controlled Access:

Driveway Gate

Additional Information

List Type:

Exclusive Right to Sell/Lease

Unit Feature:

Fenced Area, Handicap Access, Hardwood Floors

Buyer Agent Compensation*:

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Financing Considered:

Cash Sale, Conventional, FHA, Investor, VA

Other Fees:

Maintenance Fee:

Taxes w/o Exemp:

$9, 731/2022

Tax Rate:

2.3169

Listing Broker:

The Good Label Real Estate

Property Tax

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Neighborhood Tax Rates for Washington Terrace


Tax Type	Tax Name	Tax Rate
CITY	HOUSTON CITY OF	0.5336%
COMMUNITY COLLEGE DISTRICT	HOUSTON COMMUNITY COLLEGE	0.0956%
COUNTY	HC DEPARTMENT OF EDUCATION	0.0049%
COUNTY	HARRIS COUNTY	0.3437%
FLOOD CONTROL DISTRICT	HC FLOOD CONTROL DIST	0.0306%
HOSPITAL DISTRICT	HC HOSPITAL DIST	0.1483%
INDEPENDENT SCHOOL DISTRICT	HOUSTON ISD	1.0372%
MANAGEMENT DISTRICT	GREATER SE MGMT DIST	0.1150%
PORT OF HOUSTON AUTHORITY	PORT OF HOUSTON AUTHORITY	0.0080%

Specific Tax Rates for this property are unavailable at this time. Tax Rates shown represent rates applicable within Washington Terrace, individual properties will vary. Certain entities such as MUD, ESD, and School district may vary across a neighborhood and individual properties are generally serviced by only one o

Estimated Mortgage/Tax

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$2,120 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 2,120
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

Calculate View Amortization Table

Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:

Washington Terrace

County / Zip Code:

77004

Single Family Properties:

425

Average Bedrooms:

3.10

Average Baths:

1.95

Median Square Ft.:

1,632

Median Lot Square Ft.:

5,250

Median Year Built:

1940

Median Appraised Value:

$269,450

Neighborhood Value Range:

$186 - $419 K

Median Price / Square ft.:

$182.56

View Price Trends for Washington Terrace

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS

Lockhart Elementary School Elementary . PK - 05 . HOUSTON ISD

Good |

Cullen Middle School Middle . 06 - 08 . HOUSTON ISD

Average |

Yates High School High . 09 - 12 . HOUSTON ISD
|

View Nearby Schools ↓

Property Map

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2506 Wheeler St, Houston, TX 77004 Directions

Nearby places and schools.

Street View Birds Eye View

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2506 Wheeler St Houston TX 77004 was recently sold. It is a 4,166 SQFT, in Washington Terrace.

View all homes on Wheeler